It is according to law maker Teodoro Garcia Egae, speaking to Bloomberg, the legislator also pointed to specific rules. This is due to the ability of technology in many industries, including finance, education and health, these People's Party of Spain ruling party has weighed the law to attract blocking firms in particular.
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Including potential tax incentives in it is to attract blockchain companies to the country. This Spanish government has prepared for the said law. This will make Spain a destination for entrepreneurs and firms to fulfill the offerings of early coins that use blockchains.